Bamburi half-year net earnings down 36pc on lower sales

A SECTION OF BAMBURI CEMENT FACTORY IN MOMBASA. FILE PHOTO | NMG

Bamburi Cement’s #ticker:BAMB after-tax profit for the six months to June 2017 fell by more than a third on reduced sales as construction activity slowed down ahead of the August polls, the NSE-listed firm said today.

The country’s largest cement maker by market share, which also owns Hima Cement Ltd in neighbouring Uganda, reported a 36.21 per cent drop in net profit to Sh1.85 billion from Sh2.9 billion a year earlier.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.